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wanted to commend it administration for its aggressiveness in getting this person. a tax that may be planned by al qaeda -- attacks that may be planned by al qaeda. all of us should agree that the work that you have done and what the fbi has done since 9/11, really protecting the country against any massive domestic terrorist attacks, and all of your activities internationally, it has really been remarkable. not itscy, it was primary focus on 9/11, but as much of the country, we've had to focus more intently on this issue. i do want to bring you back home. my final question is about the budget and appropriations and the department of justice. we imprison more people than any other nation in the world through our state and federal prison systems. 24% of the doj budget -- you are at about 29%. it will continue to rise. at some point, we need to think differently about what we're doing with people. i have constituents, family, children, we all want to be protected from dangerous people. a society ought to be protected. people involved in wrongdoing should be punished. at some point a
us up. it is serving iranians but not a penny tax increase. but in that environment it is unrealistic thing to expect a grand bargain and we don't want to hold short term policies hostage to have a grand bargain i'd love to see but isn't going to happen right now. >> this last graph is about japan. you brought it to my attention. you wrote a book at about the japan economics and the -- >> that's right. >> japan is the full-scale dress rehearsal for what we are going through now. people studying japan in the '90s were dreading what happened. >> if you look at japan, one thing you say is when you look at japan now you are glad the japanese central bank is finally doing something. you often argue that japan didn't do enough in terms of stimulus. i want to show you japan's debt to gdp. i guess if this isn't enough, than what is? look at what they spent, it paved every roadway and highway that you could find and it went from 60% debt to gdp to 250% and still it didn't. >> be careful here because that's is gross debt and the central bank is a smaller number actually. >> i have seen the debt
. it's going to open us up and it's serving iranians, but not a penny of tax increases. no way. in that political environment, it's an unrealistic thing to expect any kind of grand bargain and we don't want to hold short-term economic policies hostage to having this grand bargain that i'd love to see but isn't going to happen right now. >> let me ask you about the last graphic about japan. japan looms large and you spend a lot of time working on it. you came to my attention first when you wrote a book about the, you know, japan-style depression economics and the age of diminished expectations. >> no, japan was the full-scale dress rehearsal for what we're going through now. japan is, people who were studying japan in the 1990s are the ones who are dreading what actually happens. >> when you look at japan. one thing you say, you're glad that the fed, the japanese central bankers finally doing something, but you often argue that japan didn't do enough in terms of stimulus. i want to show you japan's debt to gdp. and, you know, if this isn't enough, then what is? look at what japa
: yes, we are at peak billionaire. [laughter] partly due to tax policies that favor the billionaire super rich, and partly due to cloning themselves for spare parts. lax la. [laughter] and now that we ultra-loaded are so numerous again, i'm gonna give the moneyed masses the news they can use--- this is colbert platinum! [cheers and applause] ♪ a quick reminder: this segment is for platinum members only. so if your personal food taster doesn't have a personal trainer, why don't you run along and see if your local valpak has coupon for irregular hamburger meat? [laughter] okay, they're gone. platinum nation, as the ranks of us superrich continue to swell, you need a ride that says "suck on my money sack," tastefully. [laughter] now, you've got your rolls, your maybach, your astin martin. but if you really want to turn heads you'll need the 2013 pagani huayra, an ultra-luxury sports car that can go 230 miles an hour with a price tag of $1.2 million. [audience oohhs] it's a vehicle of such prestige, that the side mirrors read: warning: people in mirror are just objects. don't worry ab
-increases debt, raises taxes and never balances. the top republican for budgetary issues blasted the democratic plan. >> now we know why senator reid did not want to bring up a budget. the plan from the democratic leadership is a failed plan for america. it does not alter the debt course of america, has no growth component to it. it spends more and taxes more. reporter: but these budget resolutions only require a simple majority so there are enough democrats to pass the democrats' budget resolution without republican votes needed. and so there you have republicans in the senate, all they can do is bash the plan. they cannot actually stop it. the house republicans are passing the paul ryan plan, and so then they'll go to conference and that where the heavy lifting will begin. >> shepard: the paul ripe plan has zero chance. >> it will pass the house and then they'll try to iron it out between the two plans. the paul ryan plan on its own would not be signed by president obama, would not pass the senate, burt it will pass the house. >> shepard: mike, thank you. meantime, something about our econo
a plan for the new budget, including new taxes. how much you ask? reaction from one of the top republican leaders in the house on that dollar figure. martha: how about this? there is a report out there that a hacker is giving out confidential memos on the terror attack in benghazi. how could this have happened when lawmakers and the victims families still do not have any answers in terms of what they have been demanding? big questions this morning. john bolton on that. >> the security in benghazi was a struggle and remain ad struggle throughout my time there. the situation remained uncertain and the reports from some libyans indicated it was getting worse. diplomatic security remained weak. in april there was only one u.s. diplomatic security agent stationed there. ♪ [ male announcer ] help brazil reduce its overall reliance on foreign imports with the launch of the country's largest petrochemical operation. ♪ when emerson takes up the challenge, "it's never been done before" simply bemes consider it solved. emerson. ♪ given way to sleeping. tossing and turning have where sleepless
henneberg live for us in washington. critics say the rollout will mean more taxes. republicans andhs and democrats voted to repeal the medical device tax. on everything from latex gloves to wheel chairs to dental instruments. but you insurance industry advocates warn that more taxes from the law are coming down the pike. >> the reform law you includes a new $100 billion tax on health insurance that starts next year. 2014 it will be $8 billion. that will mean an average individual is going to pay over $100 more on the the premium as a result of the alone. small businesses will pay over $350 for each family they provide coverage for are. >> reporter: but president obama contends that obama care is already saving seniors money on prescription drugs and allows young people to stay on family health plans until age 26 and is slowing the growth of healthcare costs. harris? >> harris: i know the president is also saying that there will be more health insurance options for americans later this year but that is also running into some trouble. >> reporter: yes, the obama care law creates insur
for considering is the tax and spending blueprint for fiscal year 2014. live coverage at 2:15 eastern here on c-span2. south carolina is holding a primary today in the 1st congressional house district. here's a look at that race. >> host: well, here is the front page of the state newspaper this morning, a story by gina smith for the island packet. turnout will decide today's election for the 1st congressional seat in south carolina. gina smith is joining us on the phone this morning. of gina smith, tell me about this race. who's running and why? >> guest: well, good morning from south carolina. this is like christmas morning for me, i'm so excited. [laughter] this is really an exciting race. we have 18 republicans, two democrats, an incredibly crowded field. but some of the names in this race just make it just delicious to watch. we have mark stanford, the former -- sanford, the former governor who most of the nation remembers as the guy who slipped out of the country in 2009 so he could go visit his mistress, and he -- everyone thought he was hiking the appalachian trail, but he was up to some
of the nation of cyprus. the government elected to come up with a plan be after the parliament levied a tax of up to 10% on anyone who had any bank deposits. now the question is whether they going to do. this is important for us and of course, that can affect our 401k. but that dow average just hit a record high. greg is following the story from london. reporter: that's right, folks today are scrambling to come up with a new way from dragging all of your done with it. they voted down a plan that would see big bites taken out of private bank accounts. again, there has to be a way to get this country out of the way. one way to do it is lax banking regulations. moscow has a stake in all this. officials are reportedly looking for a big loan. back in, with strings like energy and getting rights for the people. the banks are worrying that people. we are told that it could be closed until some kind of deal is done. atms are working. you can get about $1300 out of it and atm each and every everyday. but the hitch is that the atm's run out of money by about 7:30 a.m. so you have to get there early.
. his government has been blamed for a lot. the country has become a bit of a tax haven for rich russians. some banks, we are told now, will reopen on tuesday, but restrictions will be in place. there was real fear there will be a run on those banks when they do reopen and in fact, we have just learned that the two biggest and most troubled banks will not reopen tomorrow. we're told now they won't open again until thursday. what is the u.s. take away from all this, megyn? >> europe, the ally, and trading partner for the united states, certainly, is intact. that's a good thing. but according to experts, the credibility of the euro shall the credibility of the european union has been damaged by all of this back and forth for the past couple of days. as you noted, a very dangerous precedent has been set, that is dipping into private bank accounts to pay for the government, and maybe that's why we see the markets both here and in the states go down today. >> megyn: greg palkot, thank you. it's not often that the economy in cyprus makes global headlines, but experts say the latest and
the nfl from certain taxes into the millions of dollars. let me show you video and that is going on and this meeting is taking place as we speak. in turn, they are going to get that money back and other areas. they would break even. the 49ers new stadium will be done in 2014. this is a bid for the 2016 super bowl. >> approval would exempt 350 employees from a pay employee taxes and to exempt the surcharge on the super bowl tickets those are just too of a number of exemptions with a number of mixed opinions. >> i think that 100 million watching a game being played in santa clara will be good for the city of santa clara. >> we are urgent generate there is no proof of that money being made up. >> this would bring them one step closer to get the super bowl and and they are in a competition with miami to try to get the 2016 preliminary report on april 21st. they will decide on a if location until the late part of the month of may. j.r. stone, kron 4 news. city leaders say they would be giving up millions of dollars up front but in turn they would be gaining that money back in other ar
the challenge of passing a budget that raises spending, it increases taxes to the tune of about a trillion dollars. with the republican budget, looking down the road and tried to give back to that balanced budget. lou: $5 trillion. the ryan budget would cut 5 trillion from the level of increased spending. government would grow. more than 3 percent per year. you do support the ryan budget. >> i do. and it is really about making sure that we protect medicare for the long term, for those who are over the age of 55, protecting social security. but we also have to take a step back and realize that these programs are not going to be able to operate the same years down the road. so free and the generations like myself, if we want those programs to be solvent we're going to have to make some adjustments which is what the budget does. it is just simply using common sense and looking at the map that we cannot continue down the current path that we're on. lou: common sense does not apply when we talk about the second amendment in this country in washington d.c. you have to be ratified that the assaul
tax that helps bankroll the law. stuart varney, anchor of "varney & company" on the fox who upwards 40 million people will be paying a whole lot more for their individual coverage after obamacare takes full effect next year. in some cases, the premiums that we will pay will double. remember this is a 17,000 page list of rules for obamacare. it takes full effect next year, january the 1st, and already you can see a great deal of dissent on how to pay for it and what it's actually going to cost and there is real, real concern here, that it won't be implemented properly on time. heather: yeah. all those exchanges. 33 different states, not forming them on their own. >> that's right. heather: thanks so much, stu. we appreciate it. we'll talk a little bit more about it with our political panel later. bill: what do you do with this now? you were counting on this revenue to pay for other aspects of the law. where do you find the money. heather: there are 20 new taxes included to pay for it. bill: we're just getting started. chinese former nasa contractor under suspicion of stealing u.s. secret
. >> reporter: well, every year the nfl asked for its employees to be exempt from paying the taxes for the super bowl. it adds up to millions of dollars. the city of santa clara believes it can recoup that lost revenue by being the post city -- host city. imagine in 2016 this being where the super bowl is held. hosting the super bowl gave new orleans a much-needed boost and they will finalize things tonight and city leaders have said they will comply with the request for nfl workers and team members. it works out to be about 19,000 beds we're talking about it. it's a standard demand but cities can choose to shoot it down like miami did in 2010. this year, miami will comply, it just announced. with all of the money the nfl rakes in, one man we spoke to said it can afford it. >> i believe that, you know, the people that go to the super bowl that can afford those tickets, the little bit of the price they have to pay, no big deal to them. the city should be able to reason the benefits -- reap the benefits. >> reporter: super bowl tickets would be exempt from surcharges. one raising $6 million and an
much. bill: a related story in california we were watching yesterday. retroactive taxes that go back five years? how can you do that? martha: find incredibly creative ways to tap into people's wallets. bill: the governor of california has to make a decision. watch that on the desk of jerry brown. we're just getting rolling. there is a new battle over the health care law. some changes states are fighting to put in place. you can imagine the amount of confusion. we'll explain that to you. >> nice work if you get it. there is new government job out there one agency is creating. pays six figures a year. might check it out despite the punishing budge jubt cuts we're hearing about. bill: benghazi six months later. the six simple questions one lawmaker that the believes the administration is dodging. >> the fact we have four dead americans. was it a protest or guys out for a walk decided they would go kill some americans. what difference at this point does it make? usual breakfast sandwich. a lot more flavor. [ anouncer ] ihop's new griddle melts... made fresh and hot! hand crafted just for
the taxes for the super bowl. it adds up to millions of dollars. the city of santa clara believes it can recoup that lost revenue by being the post city -- host city. imagine in 2016 this being where the super bowl is held. hosting the super bowl gave new orleans a much-needed boost and they will finalize things tonight and city leaders have said they will comply with the request for nfl workers and team members. it works out to be about 19,000 beds we're talking about it. it's a standard demand but cities can choose to shoot it down like miami did in 2010. this year, miami will comply, it just announced. with all of the money the nfl rakes in, one man we spoke to said it can afford it. >> i believe that, you know, the people that go to the super bowl that can afford those tickets, the little bit of the price they have to pay, no big deal to them. the city should be able to reason the benefits -- reap the benefits. >> reporter: super bowl tickets would be exempt from surcharges. one raising $6 million and another that would have raised $25,000 to fund
to tax people's savings accounts. some experts call cyprus the kay men islands of the mediterranean. lax oversight. reportedly the place to bank for the russian mob. it looks like the u.s. government will not shut down, at least not for now. but lawmakers may be setting themselves up for a new self-inflicted crisis down the road. it's good enough for honey boo boo. now another state could soon make it legal to eat road kill. what state you may be asking? that's coming up as we approach the bottom of the hour and the top of the news as fox reports live tonight. road kill. life brings obstacles. usaa brings retirement advice. love your passat! um. listen, gary. i bought the last one. nice try. says right here you can get one for $199 a month. you can't believe the lame-stream media, gary. they're all gone. maybe i'll get one. [ male announcer ] now everyone's going to want one. you can't have the same car as me, gary! i'm gettin' one. nope! [ male announcer ] volkswagen springtoberfest is here and there's no better time to get a passat. that's the power of german engineering. right now lea
. well, the current estimate is $1.3 billion. the pattern will continue. twenty-one new taxes. twenty-one new taxes that will amount to $675 billion. this is getting expensive. among the most controversial, 2.6% tax. another $43,000. house republicans voted last summer to repeal this that they had installed it in th senate. senator orrihatch renew the effort today. he introduced a bipartisan amendment with nine democratic cosponsors to roll back that medical vice attacks. so what about presidentspromised to cut health care insurance premiums? $2500 per family. one study commission that obamacare will increase the cost of a family plan by $7200. do any of you remember the original statement by the president and his team? this is a plus. but it would cut it by $2500. in government terms, it is a $10,000 swin. so how do the officials feel about those rising premiums? well, here you are. >> why have the rates risen,and will be they rise furer? >> i think that what we are seeing is pretty good news. i used to watch this day in and day out. we have seen far feral or increases in the last fe
. >> plus a bond disability one dog has that makes them an odd couple. >> i'm michael finney. time for taxes is your personal information safe if you file online? i'll have the answer coming up in >>> we continue to follow breaking news in san jose. sky 7 live over the scene police goring yard to yard to search for a man who stabbed a woman to death this afternoon. this is happening near north first and heading streets just about 2:30. abc 7 news is live on the scene he'll have the latest for you on abc 7 news at 5:00 and you can get breaking news updates any time on twitter on abc 7 news bay area. >> checking healthy living news new numbers out for cdc and prevention. the cdc reports 105 children died this flu season, about 90% never receive aid shot or mist. doctors report about half of the american children got shots this year, experts recommend everyone over six months get a flu shot every year. >> people relie on guide dogs to help them get around. >> now, there happens to be a dog depending on another dog to be his eyes. take a look this, is isaac the husky. someone found anymore and a
. it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ >> do you like eggs? >> doesn't everybody. >> the scrambled eggs and people fgather on the first day of swing and restaurants compete who can make the biggest portion and a record to the team cooked 1500 eggs in one gigantic pan. >> why? >> they're a symbol of a new beginning for spring. >> looks pretty good. >> thanks for joining us. >> "america live" starts right now. >> megyn: fox news alert just 48 hours after an assassination style hit on a high ranking state official in colorado, investigators are looking into whether a powerful saudi arabian family is in in way tied to the murder. tom clements was director of colorado department of corrections. as the manhunt for his killer began, who could have carried this out. welcome, i'm megyn kelly. investigators working on several theories today as they clements murder, but one leading theory involved this man here, he is a saudi national serving
2011, it's being talked about heavily to get this, uma, to tax bank deposits in italy. so we had that bank deposit tax rejected in cyprus, these other measures are still in flux right now to save the banking system in cyprus. the situation is pretty dire right now. we're waiting for the deadline to pass on monday, see what happens there, uma, i'm going to give it back to you. uma: it's definitely scary, and the stakes remain quite high. thank you sop for that update. jon: a woman who is seen on surveillance video is then found dead just hours later. now police help the public will help them find her killer. the latest on this murder investigation. >>> and sweeping renovations could be coming to guantanamo bay to the tune of $49 million. a look at what the pentagon is proposing for the detention camp there and what it means for taxpayers, that includes you. it's coming up in a live report. hey. they're coming. yeah. british. later. sorry. ok...four words... scarecrow in the wind... a baboon... monkey? hot stew saturday!? ronny: hey jimmy, how happy are folks who save hundreds of d
as two tax surcharges that would go funding the new stadium. while santa clara's mayer says the money will be made back from private donors and filing that as spilling hotels, some committee members said they're still not happy with the city's decision. >> santa clara is competing with miami for the 2006 superbowl. --2016 superbowl. miami however chose not to give in to these requests made by the nfl. santa clara mayor belize this move as a city in prime position to get the big game. the nfl is not suspected--x spec to make their decision on the location until late may. >> site mary's had advanced in the first round of the ncaa tournament. the gaels beat middle tennessee state 67-54. the m > welcome back. the time is 4:10. >> the man suspected of killing five people inside his san francisco appeared in court yesterday. bin thai luc and be a non native pleaded not guilty to five counts of murder plus
of the measure, hotel taxes and those with the nfl will be waived as well as to tax surcharges that would go to funding the new stadium. while santa clara's mayor said the money will been made back from the private donors and from filling the hotels, some community member say that they are still not happy with the city's decision. >> santa clara is a competing with miami for the 2016 super bowl. miami however, chose not to give in to these requests that were made by the nfl. santa clara's mayor believes that the move puts the city in a prime position to get the big game. the nfl is not expected to make their decision on a location until late may. >> we will be right back. [ teen ] times are good, aren't they, kids? it's nice having u-verse, isn't it? see back in my day, we didn't have these newfangled wireless receivers. fangled? no, we watched march madness in the living room... that's where the tv outlet was. what is he talking about? and if mom was hosting her book club that day, guess what...you missed it! we couldn't just move the tv all willy-nilly all over the house. ohh! ohh! k
they do support raising tax, only on the wealthy americans but esensely, what's changed, they didn't pass a budget for four years, any budget threat they passed would have included a tax increase and felt vulnerable in the campaign. well, president obama got re-elected by promising a tax increase on high-income americans to reduce the deficit. so now, finally, senate democrats feel that they can go ahead and echo that position. that's change. >> an narc the president is expected to release the white house budget in april. what kind of compromises, if any, can we expect to see there? >> i think he is going to kind of come up and say the same things that he has been saying. we will look at the changes he will make to the entitlement program. the republicans saying they will not raise tax and what the democrats might do on entitlement reforms if they can find any kind of common ground that would be possible there. >> bill schneider, anna palmer, stick around. we would like to come back to you later in the hour, if that's okay with you. >> sure. >> thanks. >>> could bill clinton be talking ou
of dollars in exchange for santa clara to host the super bowl. as a are the measure, hotel taxes to of those up with the nfl will be waived as well 2000 as to tax surcharges that would go in and funding to in new stadium. santa clara is competing with miami for the 2016 super bowl. miami however chose not to given to the request made by the nfl. santa clara's mayor believes as moves as the city and a prime position to get the big game. the nfl is not expected to make their decision on the location until late may. 7:36 a.m. and we will take a break. a live look at the james lick freeway, try the backing up a little bit on southbound 1 01. overall, not too bad. we will be right back. [ malema announcer ] whewn it comes to the finannacial obstacles milmitary families face, we understand. our oufinancnaial advice is ge gared specifically to cuo rrent enand former mily me mbers and their familie lifle brings obstacles. usaa bra ings retirement advi. that's my late night munchie meal. comes with one of four awesome new entrées. i got an exploding cheesy chicken sandwich! i got a stacked grilled c
concerned about the eu bailout and the cyprus rejection of the eu mandated tax on the small depositors. news that the housing sector is stronger than expected helping to overcome some of the markets and today. the dow up about four points. the s&p fell to the same number, the nasdaq down almost nine. big board volume today picking up. gold moving higher, up 670, closing at 161130. crude oil dropping a dollar 58 to 9216 per barrel. the bond market and interest rates falling. the ten year treasury just under 2%. federal reserve policymakers beginning their 2-day meeting. my next guest said the fed will has been substantial, don't expect changes anytime soon. that should be music to the ears of most investors. joining us, former federal reserve vice chair princeton economist alan blinder and the author of the book after the music stops. great to have you with us. >> nice to be here. lou: let's start with cypress. this little place, million folks. they're creating quite a mess. $400 billion lost of global markets yesterday. we should blame -- >> multiple of the gdp. i actually think of like what
, almost complete aalong party lines. the budget contains about a trillion in tax hikes over the next 10 years and trims $875 billion in spending. but it slashes much less than the budget passed by the house. the next fiscal battle is anticipated in july when president obama will likely ask congress for increased borrowing power. >>> there is a meeting between pope francis and his predecessor today. the new pope met pope emeritus benedict. benedict has been living at the papal summer palace since retiring last month. the vatican says benedict gave pope francis a pledge of obedience. observers say there's to show there is no power struggle inside the catholic church. the two prayed together and then they had a private meeting and lunch. >>> president obama has just arrived back in washington tonight from a four-day trip to the mid-east. the president got a chance to be a tourist at the an sent city of pitra in jordan. this is the most popular tourist attraction in jordan. president obama made his first visit to israel on this trip. >>> cities around the bay area had mark earth hour by dim
's the thing. they were ready to tax everyone. i don't care if you would ten euro zone in the bank or a million euros in the bank, they were going to hit you with this tax. obviously that scares the heck out of people. >>alisyn: luckily it was shot down, that plan, because it was so controversial. how did europe react to all of this? >> it's interesting because i don't think the europeans were ready for this to happen. they hatched the plan over last weekend, the i.m.f., e.c.b. and the european union and i think they thought they had the votes. this puts them in a precarious position. the finance minister is in russia. russia gave them a bailout last year, low-interest bailout, almost three billion euros. a lot of this money belongs to russian businesses. but a lot of it legitimate businesses too. the bottom line is i don't know if that was supposed to make it politically correct to go in and steal money from everyone, including regular citizens. >>brian: the russians look like the compassionate ones. it's not fair to the people of cyprus to do this. they say that private gas company offered to
the house republican, paul ryan, budget plan. >> hand out more budget-busting tax breaks for the wealthy, and to pay for these wasteful tax breaks, ld -- it would end medicare guarantee, it would raise tax on middle class families. to appease the tea party, the ryan republican budget would risk recovery, and that's just a price too high. >> reporter: needless to say, republicans disagree. they believe that their budget which ultimately, they say, would balance, would provide more opportunity and more jobs for the american people, jon. jon: obviously, both sides trying to get their points out. what are the republicans saying about these budgetary matters? >> reporter: they're going after the budget that was proposed by senate budget chair patty murray. they say it increases spending, increases the debt, never balances and raises taxes. senate republican leader mitch mcconnell a few moments ago called it extreme. >> a party that once cared about hard working american families seems of to have gone off the leftmost edge of the reservation with this budget. d.c. democrats' priorities are jus
with $129,000, you would have been taxed $8,700, gone. taken right out of your account just like that. the people in cyprus protested and rushed to withdraw their money. look at the protest lines at the banks. any bailout needs to come with strings attached and the russians, guess what? why are the russians not happy about this tax? because about $30 billion, a third of money in cyprus belongs to russian people. russians park their money there because the taxes are so much lower. this would be a tax on russian money, too. for now the banks remain closed until thursday. the cyprus stock exchange remains closed. the uk is flying one million euros in cash to cyprus for british soldiers who might run short of money. this is a really interesting situation to watch here in cyprus. >> imagine your bank being closed. >> yeah. you have no access for three days. >> it's a reminder of how fragile and interconnected some of the pieces are in the european story. we're watching a recession deepen in europe. >> also when you think you have awe tax haven. >> that's right. >> christine, thank you. >>>
so, the government is not going to take 10% of my taxed money out of my savings account. i'm going to go to the bank and withdraw my money. the cypriotic equivalent of uncle sam, can't do that to me so they shut down the banks. so what happened today? >> the vote on whether or not the cypriot government is going to be able to reach into a private bank and take some of that money, the vote is in absolute chaos, megyn. about an hour ago, the ruling party said it would abstain from taking part in this vote. then it issued a call to delay the vote for one day. then the finance minister of cyprus resigned, but his resignation has not yet been accepted. in other words, this is a chaotic situation and the bailout of the whole country at this moment is in limbo, but to get back to your main point, megyn, you're absolutely right. we've reached an international financial principle here. in the past, if you lent money to a bank or a country that was going sour, you, the lender, lost money. this time around, it's a new principle. if you have money in a bank account in that country, you will lo
which we were able to put a stop to, and enterprise utilizing networked to undertake a tax -- networks to undertake a tax. -- attacks. we have done a number of things in conjunction with the secret service, nsa, because many cyber attacks originate from overseas. those have been successful. the one point i would make is that we tend to think and discuss in the beltway about protecting our networks from attacks, forgetting that behind every keyboard is an individual. aserrents is more -- is important as everything else. yes, you have to protect your databases, but those persons that are trying to get in have to go to jail. people have to understand that there is a price to be paid for breaking the law when it comes to cyber intrusions. that is something we are focused on, identifying the persons behind those keyboards, and making certain that if they undertake a tax, they will not undertake another in the future. >> i will yield back. >> would it make sense to double or increase the penalty for people involved in a cyber attacks? >> i think we ought to look at the penalty structure, yes
he came home, shep. >> shepard: nearm "cyprus tax money on people's bank accounts. all of this could still be hurting your 401(k). all the details coming up. plus it is the fattest state in this nation. and it just signed a law to protect sugary drinks from regulations. the so-called anti-bloomberg law as we approach the bottom of the hour and the top of the news as fox reports live tonight. t under sized then this will be a nice surprise. meet the 5-passenger ford c-max hybrid. c-max come. c-max go. c-max give a ride to everyone it knows. c max has more passenger volume than competitor prius v and we haven't even mentioned... c-max also gets better mpg. say hi to the super fuel efficient ford c-max hybrid. even in stupid loud places. to prove it, we set up our call center right here... [ chirp ] all good? [ chirp ] getty up. call me! seriously, this is really happening! [ cellphone rings ] hello? it's a giant helicopter ma'am. [ male announcer ] get it done [ chirp ] with the ultraugged kyocera torque, only from sprint direct connect. buy one get four free for your business. when he
it by reducing and taking away child benefits, which was universal tax credit that was given to all mothers. they did that five months ago. now yesterday they announced that they were going to give credit to parents who were going out to work, but they weren't actually going to bring it into place until 2015 until the next government's in place. so we've got a long way to go until it actually happens. >> there was an interesting survey here in the united states salary.com, i'll give you the stats, they said that mothers spend about 94 hours a week working on their parental duties. this is no real surprise i suppose if you've got kids. things like child care, cooking and cleaning. if they were to get paid for those duties with today's sort of average salary rankings, it comes out to $112,000 a year you'd be paying them. so you generally think stay at home moms aren't respected in great britain or generally speaking within the community? >> no, they're not respected. women visible in country and there are only two countries in the whole world that don't recognize a family, that means a couple
. people see tons of tax relief and economic support for those who have. they see the big guys supported. >> it's not just investing in the market. it used to be when you had records in stocks it meant the companies were flush and companies were spending more money on hiring and on expanding and you haven't seen that. record amounts of corporate cash in the banks not being spent to expand and that's the disconnect between stock and middle class comes. >> over the short term but over the long-term the picture we're painting, if there's two americas it's false and doesn't matter. companies are making money, rich people are making money. it doesn't hurt anyone. it's not a fixed piece of income pie. over the long-term it's wealth, if it's increasing everybody will benefit. this society has proven absolute wealth continues to march forward. >> we'll continue this discussion, thanks, guys. >>> hans solo and harrison ford, the faa may be closing traffic towers. >> is this is commercial aviation and passenger safety, and it's a critical issue that's got to be addressed immediately. >> hollywood
. >> reporter: it is likely that city council will agree to give up the 9.5% hotel tax for 350 rooms. about $6 million in ticket surcharge revenue, about $25,000 in ticket fees and $4.54 per parking spot. the community group which opposed the stadium says forgoing income doesn't make sense. >> the nfl is a nonprofit corporation that should be paying their own expenses. having a small city as ours take on that burden is fiscally irresponsible. >> reporter: the committee is actively fundraising to back fill concessions the city makes but she says that could be a gamble that does not pay off. >> what happens if it doesn't? the america's cup in san francisco, they were promising to raise this money to pay for the infrastructure. it didn't come true. >> reporter: santa clara city council meeting begins at 6:30 tonight and then the super bowl bid committee presents their bid to the nfl owners on may 22. and the battle is down to santa clara and miami. and it is worth mentioning that miami has refused to give the nfl those concessions. so if santa clara didn't want to it would be a level playing fiel
down party lines. the budget poses a trillion dollars in tax increases with modest spending cuts. it is going to go to the republican controlled house where all expectations are that it will be rejected. republican senators had proposed dozens of amendments. >>> it's a least rare occurrence in history. this morning more than 1,000 people gathered outside the papal retreat near rome. they were hoping to catch a glimpse of pope francis. he went there to eat lunch with his predecessor. vatican observers say they may discuss security leaks. >>> rosemary, i gotta tell you, allergies are killing me. >> spring has sprung. you are right, we are going to have another beautiful day out there. temperatures will be on the mild side and in some cases, will reach near 70 degrees. the official sunraise around the bay area, 7:08. so it is now up and shining. we again have mostly clear skies to start your day. a little patchy fog near half- moon bay but it should be burning off fairly quickly as we get into the next hour. temperatures a little cooler than where we were yesterday, he is special in
. they will vote tonight for a tax exemption. you will hear what those have to say about those ideas coming up at 8:00 p.m. j.r. stone, kron 4 news. >> now to another developing story tonght.seven marines are killed.seven others injured.during a training exercise in the mountains of nevada. it happened at the hawthorne army depot in hawthorne nevada. that's about 130 miles south-east of reno. this is a very rural, sparsely populated area. military officials say marines were conducting live fire and maneuver training when a mortar round exploded. the army depot is used for storing ammunition and weapon that are set to be deactivated. >> we do not know what caused this malfunction. this team of investigators has begun an investigation to figure out what happened. >> they were transferred to reno, nevada. this was part of a regular training to maintain the readiness. >> we would appreciate your support eds we mourn the loss we will remember their courage and sacrifice >> from the senate floor they are all mourning. the loss.. >> my thoughts are with them with the families. this was a late monday night
direct investment, reducing red tape, increasing the supply of electricity, improving the tax system, strengthening the ability to enforce contracts will all live in the is ranking and spur business growth in a way that has been missing thus far. since asia's economy is largely based on global supply chains, it is absolutely critical for india to enact reforms, to liberalize its economy, to tap into this regional market. this is out in the anchors itself in the asia-pacific region, and we should do what we can to help leverage those reforms inside india. that is why i believe the administration must redouble its efforts to secure a u.s.-india bilateral investment treaty. current negotiations are proceeding far too slowly. there are important issues to resolve. it's going to take a concerted effort to make progress, but once the vat is firmly in place, the u.s. should work with india on a free trade agreement that will foster more trade. we should also work with india on high-tech visas where both of our countries jointly benefit. i strongly believe that we are goods and services acro
the situation in cyprus after lawmakers there rejected a controversial bailout proposal that would have taxed regular savings accounts. the concern is that the debt crisis in the eurozone is back on the table and that could weigh on stocks. later today the nation's top money man, fed chairman ben bernanke, he will answer questions on the economy but what investors really want to know if he's going to continue with economic stimulus. natalie? >> jackie deangelis at the new york stock exchange, thank you. >>> a routine stop gave police officers the fright of their lives. officers approached a man sitting in his parked car, said accidentally hit and killed a deer, stowing it in his trunk. the officers asked to see it, and as you saw, when they opened the trunk the young deer jumped out alive, he made a break for it, darted off to freedom in a nearby forest. surprise. still alive. go, little deer, go, go. >> oh my gosh. >> be free. a nightmare about that last night. >> meanwhile we have missed a huge story. >> it's breaking. did you know about this one? >> spring has sprung. >> look at us. >> we
spending of their tax dollars, is that the public views space much as most people view their cars, they just want them to work. they don't care about the mechanics or how to build or repair a car, they just want to drive the car. similarly with space, because of the resounding success of nasa and other organizations responsible for putting substantial space infrastructure into orbit, americans, indeed people all over the world, use their atm cards, use gps in their cars and boats and rely on the weather channel to tell them whether they should carry an umbrella totally oblivious to the role that space assets play in providing that information. so in that regard the immediate benefits of space activity are not forgotten to most of the public. perhaps that knowledge was never known in the first place. space is associated largely with exploration and so considered expendable during times of economic restraint, something that cannot be put off -- that can be put off until later. but that premise is incorrect even regarding exploration. infrastructure isn't built or launched quickly an
's your plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. it's lots of things. all waking up. connecting to the global phenomenon we call the internet of everything. ♪ it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. we're going to wake the world up. and watch, with eyes wide, as it gets to work. cisco. tomorrow starts here. nlove. as americans, we believed we can'tin freedom.person we cisco. that's what i fought for as a marine, and that's what we believe in as republicans. freedom means freedom for everyone. i didn't use to understand the importance of same-sex marriage, but after learning my brother was gay i wanted the same rights for him. he was the best man at my wedding and i want to be the best man at his. it's only fair that calvin should ha
building. and the protesters achieved v parliament abandoned the pla tax their bank accounts. the country is still despe, on the vergebankd iftdoet, t and government coulroke thalit nd o stocks, even the protesters know that. >> it is a domino effect it will start here it will not end here. it will -- financial collapse will commence here in cyprus, all throughout europe and will affect the united states most definitely. >> reporter: which means this beautiful i the fate of the european and perhaps world economie nick schifrin, abc news, cyprus. >>> all right, statue of liberty which was shut down after hurricane sandy set to reopen in time for fourth of july. the statue itself survived the , bulad sits badly d. making it uoritor repairs should be compl summer trav >>> after a relentless final few weeks of winter, we are pleased to report that spring arrives. at 7:02 eastern time. just a few hours from now. as abc's ginger zee reports it's welcome news for the northeast after another major winter storm. >> reporter: it is like a broken en plows down. shovels out and that familia
, support the translates into prioritized spending of tax dollars is that the public you space much as most people view their cars. they just wanted to work. they don't care about the mechanics or the combustion engine or how to build or repair the car. they just want to drive the car. similarly with space because of the resounding success of nasa and other organizations, responsible for putting substantial space infrastructure into orbit, americans, indeed, people all over the world, use their atm card, with gps and their cars and boats ever lie on the weather channel to tell them whether they should carry an umbrella totally oblivious to the role the space plays in providing that information. so in that regard the immediate benefit to space activity are not forgotten the most of the public. perhaps that knowledge was never known in the first place. space is associated largel largh exploration comments are considered expendable during times of economic restraint, something that can be put off until later. but the premise is incorrect, even regarding exploration. infrastructure isn't built
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